Severstal NA Executive Management Team Released

On Friday, Saikat Dey and nine other executive managers who operated out of the Severstal Dearborn facility were relieved of their positions. SMU sources confirmed that the top two commercial people: Sachin Shivaram and the general manager of sales, Scott Gosselin, were on the list of those not retained as the facility prepares to be owned by AK Steel.

Besides the CEO and the top two commercial people associated with Dearborn, we learned from our sources that the Chief Financial Officer, Vice President of Human Resources, Vice President of Quality, Vice President of Procurement, Vice President and General Counsel, Vice President and General Manager for the Dearborn facility and the Vice President of Corporate Planning were also let go.